1917 Penelope, Atlanta, GA 30314

$279,900

bedrooms

bathrooms

square feet

Acreage

0.215

Open Houses

year built

1957

Full Baths

Half Baths

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Let me introduce you to an incredible investment opportunity in West Atlanta - 1917 Penelope Road. Atlanta, GA 30314 This solid, four-sided brick home offers the perfect blend of space, stability, and upside. It features 6 bedrooms, 3 bathrooms, and over 2,600 square feet of finished living space, including a fully finished basement - ideal for owner occupied or flexible tenant setups. Listed at $279,900, the property is structurally sound and only needs light cosmetic updates - making it a perfect low-lift value-add play. Now let's talk cash flow. This home sits in a high-demand rental area and qualifies for the Choice Program, also known as Section 8. That means guaranteed rent and steady tenant demand. You're looking at rental income potential of: ?? $2,900 per month with the owner covering utilities, or ?? $2,700 per month if the tenant covers them. That's up to $34,800 in gross annual rent - from day one. And here's where it gets even better: With just a few cosmetic touches, you can boost the property's value, attract stronger tenants, and increase your equity - all while generating consistent passive income. Add in the finished basement, and you've got serious flexibility - for multi-generational tenants, extra rooms, or even rental by the room. The Choice Program provides guaranteed income, 6-bedroom homes are in short supply, and West Atlanta is trending up fast - with rising values and strong demand. So if you're looking for a plug-and-play rental with long-term potential and steady returns, 1917 Penelope Road is one to move on quickly. Let's talk numbers, walk the property, or get this added to your portfolio today.

Location
Subdivision	Penelope Neighbor
County	Fulton
Elementary School	Woodson
Middle School	Other
High School	Douglass

Driving directions

Open houses

None scheduled.

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MLS number: 10495555

Listing agent: George Ansong

Listing broker: Maximum One Real Estate Group, Llc (770) 919-8825

Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 8 2025 at 4:00 p.m. EDT

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